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Stellar (XLM) Exhibits 2% Rally on the Intraday Movement

byMaxwell Mutuma
December 26, 2019
in Cryptocurrency News

The crypto market is waiting for improvement for a long time. In the ongoing year, the fall embarked just after the second quarter ended. Every year, the market begins with high anticipations, and the first few months bring an amazing return.

Stellar Lumens is giving strong indications that the coin might close the session with a decent digit on the price counter. The movement in the price is exhibiting evidence in favor of the same. The intraday traders are likely to close with a positive return.

XLM Trades Near $0.0445 with Upside Potential

XLM USD Price Action

Yesterday, Stellar started dealing at $0.045056, and then, it slipped to $0.0445 by 1.04% drop. The price escalated to $0.04496 by 0.83%. The currency slipped to $0.0440 by 2.07%. The escalation in the price took the XLM coin to $0.0445 by 1.20%. After that, Stellar cryptocurrency dropped to $0.0443. The currency jumped to $0.0446 by 0.75%. The XLM coin slipped to $0.0442 by 0.80%. The intraday movement in the coin brought a 1.71% fall in the Stellar price. Today, the coin began with a moderate movement of around $0.044. The price jumped to $0.0446 by 0.83%.

Stellar cryptocurrency is currently dealing at $0.0445. As per our expert Stellar Lumens predictions, the coin is speculated to trade to the immediate resistance level at $0.0449. The next resistance level is anticipated to breach soon. The traders can expect a profitable closing. The traders interested in the Stellar coin are recommended to opt for short-term investment.

Resistance Level Price
R1 $0.044958
R2 $0.046474
R3 $0.047358
Support Level Price
S1 $0.042558
S2 $0.041674
S3 $0.040158
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Maxwell Mutuma

Maxwell Mutuma

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life's work is to introduce the concept of decentralization to people worldwide.

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